Pound Place Ltd

Pound Place Ltd from Manchester UK: small company, active status, founded 3 years ago, 1 employee, £858 assets, real address, 1 director, 1 owner, solo founder. This small business, operating in the retail sale via mail order houses or via internet industries, is a relatively new venture established in March 2022. It’s a solo founder operation, led by Khan Hassan, who also serves as both director and owner. The company's registered address is a real address, with only one other company registered there, suggesting a low-profile presence.

The company’s website, Poundbakery, showcases a retail operation focused on “Tasty Baking at Tasty Prices.” It’s clear the business is primarily an e-commerce site, offering a wide range of baked goods and related products. The site prominently features job openings, including shop manager and supervisor roles across various locations—Chapel Street, Wrexham, Northwich, and Blackburn. Poundbakery also encourages customers to subscribe to deals and like them on Facebook, demonstrating an effort to build an online community. It's a bit confusing that the website also mentions "Poundbakery Caf," suggesting a potential physical presence alongside the online store, though this isn's explicitly stated.

Financially, Pound Place Ltd’s picture is a little complicated. While current assets increased by 54% to £860, net assets decreased by 31% to -£210. Bank borrowings aren't mentioned, but cash bank on hand grew by 54% to £860. Creditors also increased by 56% to £970. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the negative equity is a concern. It’s worth noting that the accounts are unaudited and director-reported, which is standard for small companies exempt from an audit. The lack of an auditor’s name on the report is typical.

Registered in England/Wales under the registration number 13981027, with a registered address at M9 6QL, England, Manchester, 6 Victoria Avenue.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.